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Q1) In 19x9, you are evaluating a should-pay price for 500 fixtures as part of building modernization.  Offeror has proposed a price of $100,125. 

You have the data in table from five prior buys in which price paid was considered fair and reasonable.

YEAR

INDEX

19X4

109.9

19X5

108.8

19X6

114.2

19X7

121.2

19X8

127.0

19X9

133.5*

Given that the following index applies to this contracting situation, would you think Price to be fair and reasonable?

YEAR

INDEX

19X4

109.9

19X5

108.8

19X6

114.2

19X7

121.2

19X8

127.0

19X9

133.5*

Current estimates for 19x9

Accounting Basics, Accounting

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  • Reference No.:- M917842

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